Crypto Community Responds to BRICS’ Consideration of Stablecoin for Trade Settlement BRICS is stepping up its efforts to lessen its dependence on the US dollar by exploring the creation of a stablecoin for international trade. This initiative, highlighted by Russian
Yuan’s Global Expansion Efforts Face Domestic Setback As Chinese leader Xi Jinping pushes to enhance the yuan’s role in global trade and finance, he faces resistance from an unexpected quarter: mainland companies. Recent data from the People’s Bank of China
AUD/JPY Rises on Strong Australian Consumer Inflation Data The AUD/JPY currency pair continues its upward trajectory for the third consecutive day, recovering from initial losses earlier on Wednesday. This rally is supported by the release of unexpectedly strong Consumer Price
XAG/USD Dips Below $27.00 as Risk Appetite Grows Silver prices (XAG/USD) softened for a second day, hovering around $26.95 during the early European session on Tuesday. The market’s improved sentiment, driven by reduced fears of escalating Middle East conflicts, is
Japan’s Finance Minister Vows Collaboration Against Extreme FX Fluctuations On Tuesday, April 23, Japanese Finance Minister Shunichi Suzuki provided insights into the outcomes of a recent trilateral meeting with U.S. and South Korean finance leaders, highlighting strategic preparations Tokyo is
UBS Upgrades Chinese Stocks to Overweight UBS Group AG has upgraded its rating for a prominent Chinese stock index to overweight, indicating a renewed confidence in the market’s recovery prospects. This upgrade, described as a rare and optimistic move in
Yen Nears Multi-Decade Low, Targets 155.00 Before BoJ Meeting The Japanese Yen (JPY) is currently facing significant pressure against the U.S. Dollar (USD), lingering near a multi-decade trough as Monday’s European trading session gets underway. This downward trend in the
Global Instability Overshadows Budget Projections Amid rising tensions in the Middle East and growing concerns about China’s economic slump, Australia has adjusted its international economic outlook, according to Treasurer Jim Chalmers. As the government prepares for the upcoming May budget,
USD/CHF Rises Above 0.9100 on Hawkish Fed Comments The USD/CHF currency pair exhibited strength on Monday morning during the early European trading hours, buoyed by a shift in market sentiment concerning the U.S. interest rate outlook. Market participants are now
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions In March, Japan witnessed a slowdown in core inflation and a significant index that tracks broader price trends dropped below 3 percent for the first time in more than
Financial Markets Tense as Israeli Missiles Hit Iran Risk-aversion has intensified across global financial markets following confirmed reports that Israeli missiles targeted a location in Iran, escalating geopolitical tensions in the Middle East. ABC News cited a US official verifying
NZD/USD Stays Below 0.5900 Amid Risk-Off Mood, Rising US Dollar Demand The NZD/USD currency pair faced downward pressure, trading around 0.5880 in the early European session on Friday. The pair’s decline was influenced by a risk-off sentiment fueled by escalating